|By PR Newswire||
|January 8, 2014 11:10 AM EST||
LONDON, Jan. 8, 2014 /PRNewswire/ -- Edison's comprehensive report on Cardio3 BioSciences, Healing failing hearts, analyses its C-Cure heart regenerative product, which uses a mix of powerful cell-signalling molecules to programme autologous stem cells to develop into heart muscle. This makes C-Cure a potentially powerful novel treatment for patients with weakened, scarred hearts, usually due to previous heart attacks. C-Cure showed positive efficacy endpoints in Phase II and median heart output increased by 25% relative to baseline. The CHART-1 Phase III in chronic ischaemic heart failure is underway using C-Cathez delivery to improve cell retention 3.6 fold. Data are expected in late 2015.
Based on clinical probabilities of EU 40% and US 25%, our healthcare team identifies the base case indicative value as €77 per share. Scenario risk variants range from €42 to €225 per share.
For the full report see: www.edisoninvestmentresearch.com/research/company/cardio3-biosciences
Keywords: Cardio3 BioSciences, C-Cure, autologous stem cell therapy, ischaemic heart disease, bioscience, healthcare, Edison Investment Research.
All reports published by Edison are available to download free of charge from its website.
Overview of company: Cardio3 is developing a directed autologous stem cell therapy for chronic ischaemic heart disease. Cells are isolated from bone marrow and cultures for six to eight weeks. The product is in Phase III in the EU and on Phase III hold in the US while the FDA considers a delivery system.
About Edison: Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact:
Dr John Savin MBA
Edison Investment Research
+44 (0)20 3077 5735
Edison Investment Research
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SOURCE Edison Investment Research
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